Brp305's Blog

Just another WordPress.com weblog

Florida Foreclosure Firm and Affiliates Lay Off 155 More Employees


The Law Offices of David J. Stern and DJSP Enterprises, which processes home foreclosure cases for the Plantation, Fl-based Law firm, passed out pink slips to an additional 155 employees on Thursday, 11/18/2010.

The latest round of layoffs, which included lawyers and support staff, reduces the total number of workers at the Plantation firm and DJSP to 300, down from 1200. The layoffs came as Fannie Mae, withdrew its business from the Stern Firm and announced it had named eight law firms to handle foreclosure cases in Florida.

DJSP last week announced it had defaulted on a $12 million line of credit with Bank of America and was working with the bank to reach an agreement.

Advertisements

November 29, 2010 - Posted by | Business News | , , ,

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: